Case Brief
What Happened
The Reserve Bank of India has extended the period of operation of the existing Directions issued under Section 35A read with Section 56 of the Banking Regulation Act, 1949 against Ramgarhia Co-operative Bank Limited, New Delhi. The extension is for three months, from close of business on October 08, 2025 to close of business on January 08, 2026, subject to review. RBI also clarified that the extension should not be taken to mean it is satisfied with the bank's financial position, and that all other terms and conditions of the Directive continue unchanged.